February 8, 2024
Net International Reserves – January 2024
BOJ has reported that Jamaica’s Net International Reserves as at January 31, 2024 stood at US$4,679.09 million, reflecting a decline of US$79.15 million when compared to the US$4,758.24 million reported at the end of December 2023.
Foreign Assets totalled US$4,788.52 million, US$80.12 million less than the US$4,868.64 million reported in December 2023.
‘Currency & Deposits’ held by the BOJ as at January 31, 2024 totalled US$3,083.85 million, reflecting a decline of US$82.48 million compared to the US$3,166.33 million reported in December 2023.
‘Securities’ were valued at US$1,588.79 million; US$3.38 million more than the US$1,585.40 million reported at the end of December 2023. The country’s Special Drawing Rights fell to US$79.51 million relative to the US$80.22 million recorded a month prior.
‘IMF Reserve Position’ fell to US$36.37 million from the US$36.69 million reported last month. Liabilities to the IMF fell US$0.97 million to US$109.43 million against the US$110.41 million reported at the end of December 2023.
At its current value, the nation’s international reserve is US$813.45 million or 21% higher than the US$3,865.64 million held by the BOJ on January 31, 2023. The current NIR supports approximately 34.32 weeks of goods imports and 23.55 weeks of goods and services imports.
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